Navient Corp (NAVI) Receives Average Recommendation of “Hold” from Analysts
Shares of Navient Corp (NASDAQ:NAVI) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.75.
NAVI has been the topic of several research analyst reports. Barclays PLC dropped their price objective on Navient Corp from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 26th. Wedbush initiated coverage on Navient Corp in a research note on Monday, January 30th. They issued a “neutral” rating and a $16.50 price objective on the stock. Credit Suisse Group AG restated a “hold” rating and issued a $18.00 price objective on shares of Navient Corp in a research note on Thursday, February 9th. Keefe, Bruyette & Woods set a $20.00 price objective on Navient Corp and gave the company a “buy” rating in a research note on Thursday, April 6th. Finally, Zacks Investment Research upgraded Navient Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th.
Shares of Navient Corp (NASDAQ:NAVI) opened at 13.71 on Friday. The firm has a 50-day moving average price of $14.90 and a 200-day moving average price of $15.55. Navient Corp has a 12-month low of $11.01 and a 12-month high of $17.95. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 7.21 and a beta of 2.57.
Navient Corp (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, April 18th. The credit services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.06. The business had revenue of $334 million during the quarter, compared to the consensus estimate of $345.60 million. Navient Corp had a net margin of 13.72% and a return on equity of 15.65%. Navient Corp’s quarterly revenue was down 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Equities research analysts anticipate that Navient Corp will post $1.80 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Wednesday, May 31st. Navient Corp’s payout ratio is 30.19%.
In other news, Director Gilleland Diane Suitt sold 5,467 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $15.89, for a total value of $86,870.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.05% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of NAVI. Coconut Grove Bank increased its position in Navient Corp by 107.1% in the first quarter. Coconut Grove Bank now owns 6,960 shares of the credit services provider’s stock valued at $103,000 after buying an additional 3,600 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Navient Corp by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,952 shares of the credit services provider’s stock valued at $103,000 after buying an additional 118 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Navient Corp during the first quarter valued at approximately $112,000. WFG Advisors LP purchased a new position in Navient Corp during the fourth quarter valued at approximately $132,000. Finally, Moore Capital Management LP purchased a new position in Navient Corp during the third quarter valued at approximately $150,000. 93.89% of the stock is currently owned by institutional investors.
About Navient Corp
Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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